Hemenway-Johnson Furniture Co. v. Commissioner
United States Tax Court
Petitioner held entitled to relief under section 722 (b) (4), Internal Revenue Code, by reason of a change in the character of its business during the base period years. A constructive average base period net income is determined from the record.
1Opinion of the Court
Hemenway-Johnson Furniture Co., Inc., Petitioner, v. Commissioner of Internal Revenue, Respondent
Hemenway-Johnson Furniture Co. v. Commissioner
Docket No. 27201
United States Tax Court
22 T.C. 43; 1954 U.S. Tax Ct. LEXIS 245;
April 12, 1954, Filed April 12, 1954, Filed
Decision will be entered under Rule 50.
Petitioner held entitled to relief under section 722 (b) (4), Internal Revenue Code, by reason of a change in the character of its business during the base period years. A constructive average base period net income is determined from the record.
Laurence F. Casey, Esq., for the petitioner.
Joseph…
2Cases cited4 opinions
- Victory Glass, Inc. v. CommissionerUnited States Tax Court · 1951
- Danco Co. v. CommissionerUnited States Tax Court · 1952
- Hemenway-Johnson Furniture Co. v. CommissionerUnited States Tax Court · 1953
- Hemenway-Johnson Furniture Co. v. CommissionerUnited States Tax Court · 1954